Topic: Sanctions

US banks begin to leave Russia amid barrage of sanctions

Flooded with sanctions concerns, financial institutions are beginning to act one week after major US companies started pulling the plug on their business in Russia.

11 March 2022

Former Fox director indictment illustrates DOJ’s tough approach to Russia sanctions

“The unsealing of the Hanick indictment appears to have been timed to highlight the seriousness with which DOJ intends to approach criminal violations of the new sanctions and export controls,” one lawyer said.

10 March 2022

ZTE faces scrutiny over visa fraud claims

Chinese telecommunications company ZTE is due in court over possible violations of its probation in connection with a 2017 sanctions plea deal.

09 March 2022

FinCEN warns banks to brace for Russian sanctions evasion efforts

Featured in In-house

The US Treasury Department’s anti-money laundering unit has advised financial institutions to stay alert to potential evasion of sanctions imposed on Russia over its invasion of Ukraine.

08 March 2022

UK proposes laws to strengthen economic crime enforcement

The raft of proposed legislative changes includes giving the Office of Financial Sanctions Implementation (OFSI) greater teeth by introducing strict liability for sanctions offences.

01 March 2022

OFSI reveals fine of payments company over Russian sanctions breaches

Details of the penalty were published after the company dropped a legal challenge that could have yielded valuable insights into OFSI’s working practices for UK sanctions lawyers.

22 February 2022

UK set to scrap golden visas over dirty money concerns

17 February 2022

Davis Polk partner confirmed as Treasury Department GC

The Senate confirmed Neil MacBride as the top lawyer at a government department that leads US sanctions and anti-money laundering efforts.

11 February 2022

US charges Chinese radio maker with trade secret theft

The US Department of Justice has accused Hytera, a Chinese-based telecoms company, of stealing technology developed by Motorola Solutions following a civil dispute between the two businesses.

08 February 2022

FCPA Docket: US aims to fix “corruption problem”

In today’s news roundup, a Republican senator wants to expand the FCPA to target companies that enable alleged human rights abuses in China and a Treasury Department official says the US knows it has its “own corruption problem”.

04 February 2022

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